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Iwate Bank, Daiwa Securities finalize business alliance agreement

March 27, 2025 at 11:09 PM UTCBy FilingReader AI

The Bank of Iwate (TSE: 8345) and Daiwa Securities Group have finalized a comprehensive business alliance, initially agreed upon in November 2024, aimed at transforming financial services in the Iwate region. The final agreement, formalized on March 24, 2025, will consolidate Iwate Bank's public and investment trust window sales operations under Daiwa Securities through an absorption-type split, effective May 7, 2026.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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